TMI Blogitc on purchasesX X X X Extracts X X X X X X X X Extracts X X X X ..... A Company has purchased some t shirts which will be given to employees free of cost the t shirts will bear the name of the company t shirts will be worn by employees at various business events of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... company a) is ITC available on the purchase of t shirts b) will GST be leviable on the t shirts given free of cost and if gst is levied can then ITC be claimed - Reply By KASTURI SETHI - The Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y = Query-wise reply is as under:- (a) Yes, it being in the course of employment. (b) No. Excluded vide entry no.1 Schedule-III. - Reply By KASTURI SETHI - The Reply = In continuation of m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y reply, i further clarify that tax has been paid on T-shirts by the Company at the time purchase. These T-shirts bearing the logo/brand of the Company (who purchased) are worn by the employees while ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... performing their official duties. Thus we can say that these shirts are not for personal use and hence cannot be termed as gift. Availment of ITC is not hit by Section 17(5) (h) of CGST Act inasmu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch as these shirts are used in the course of business (employment). No supply is involved as the Company has used shirts for its own purpose in the course of business. - itc on purchases - Query ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Started By: - Madhavan iyengar Dated:- 3-7-2019 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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